IGI CyberLabs Partners with Cowbell Cyber to Bring Nodeware(R) Solution to Cyber Insurance Customers

Rhea-AI Summary

IGI CyberLabs, a subsidiary of Infinite Group, Inc. (OTCQB:IMCI), announces a partnership with Cowbell Cyber, an AI-driven cyber insurance provider. This collaboration will allow Cowbell Rx policyholders to access Nodeware solutions at a discounted rate. With cyberattacks disproportionately targeting small businesses, this initiative aims to simplify the process of obtaining cyber insurance while enhancing clients' cybersecurity. The integration of Nodeware with SecurityStudio will provide continuous vulnerability management, improving risk profiles for businesses seeking insurance coverage.

Positive

• Partnership with Cowbell Cyber enhances cybersecurity offerings for policyholders.
• Discounted access to Nodeware solutions improves affordability for SMEs.
• Continuous vulnerability management integration may lead to better insurance rates.

Negative

• None.

The partnership will aim to help cyber-insurance policy holders boost their cyber hygiene

PITTSFORD, NY / ACCESSWIRE / March 9, 2022 / IGI CyberLabs, a subsidiary of Infinite Group, Inc., or IGI, (OTCQB:IMCI), is announcing its partnership with Cowbell Cyber, the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs). IGI CyberLabs is joining Cowbell Rx, Cowbell's referral marketplace for cyber risk management and security solutions. Cowbell Rx policyholders can now purchase CyberLabs' Nodeware solution at a discount.

According to a recent study, 43% of cyber attacks are aimed at small businesses, but only 14% are prepared to defend themselves. And cyberattacks at small and mid-size businesses are often opportunistic, taking advantage of security weaknesses.

"As obtaining cyber insurance becomes more complicated, Nodeware and Cowbell Cyber are partnering to help simplify the process for our clients," said Stuart Cohen, President at IGI CyberLabs. "By leveraging Nodeware, organizations can meet many of the safeguards required to obtain cyber insurance-helping to both protect them from potential attacks and give them peace of mind if they are targeted in an attack. Up-front protection and insurance are both critical to ensure business continuity in this unpredictable cyber-threat landscape."

With Nodeware's recent integration with SecurityStudio-also available in the Cowbell Marketplace-the three organizations together will have the capability to tie ongoing continuous vulnerability management into the overall risk profile of an organization. This will empower businesses to address the holistic root cause of their risk exposure and, with lower risk, may help them better qualify for coverage and improve their insurance rates.

Cowbell Cyber is one of the industry's first AI-powered cyber insurance providers for small to medium enterprises (SMEs). With Nodeware, Cowbell Cyber is bringing SMEs updated, real-time cybersecurity scanning and alerts to aid them on their path to better cyber hygiene. As a result, active policyholders can improve their security posture prior to seeking cyber insurance, better protect themselves from cyber-attacks, and meet their compliance requirements.

Cowbell Cyber provides standalone cyber insurance policies custom-designed to suit risk profiles. Cowbell's continuous risk assessment gives policyholders early warnings about security weaknesses to improve risk posture and help prevent future incidents.

"Together with our partners IGI CyberLabs, Cowbell brings streamlined access to top cybersecurity solutions to current and future policyholders to maximize their ability to be secure," said Stephen Years, Director of Product & Ecosystem Marketing at Cowbell Cyber. "We established trusted relationships with partners who can help policyholders and businesses, in general, improve their cyber risk profile on a continuous basis."

Cowbell policyholders can visit Cowbell Rx at https://cowbell.insure/rx/ to take advantage of the Nodeware solution.

For more information about Nodeware or to start a free trial visit www.nodeware.com or www.IGIcyberlabs.com.

Safe Harbor Statement

This release may contain forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including the acquisition of Pratum by IGI and the anticipated benefits of that transaction. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: the successful completion of the acquisition of Pratum by IGI, including integrating the two businesses following such acquisition, adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov, as well as IMCI's website located at www.igius.com.

About IGI

Headquartered in Pittsford, NY with a remote workforce spanning across the United States, IGI delivers people and technology-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. We are The Cybersecurity People™.

IGI is also the OEM through its subsidiary, IGI CyberLabs, of the Nodeware^® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at www.igius.com.

Media Contact:

IGI
Megan Brandow, Director of Marketing
mbrandow@igius.com
(585) 727-0983

SOURCE: Infinite Group, Inc.

View source version on accesswire.com:
https://www.accesswire.com/692301/IGI-CyberLabs-Partners-with-Cowbell-Cyber-to-Bring-NodewareR-Solution-to-Cyber-Insurance-Customers

FAQ

What is the significance of the partnership between IGI CyberLabs and Cowbell Cyber?

The partnership aims to provide enhanced cybersecurity solutions to Cowbell Cyber policyholders, helping SMEs improve their cyber hygiene.

What benefits do Cowbell Rx policyholders get from the Nodeware solution?

Policyholders can purchase Nodeware at a discount, improving their cybersecurity posture and potentially lowering insurance rates.

How does Nodeware help businesses qualify for cyber insurance?

Nodeware assists organizations in meeting the safeguards required for obtaining cyber insurance through continuous vulnerability management.

What is the stock symbol for Infinite Group, Inc.?

The stock symbol for Infinite Group, Inc. is IMCI.

When was the partnership between IGI CyberLabs and Cowbell Cyber announced?

The partnership was announced on March 9, 2022.